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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by nozzpackon Apr 18, 2024 12:28pm
162 Views
Post# 35996164

RE:RE:RE:RE:Maritime Resources

RE:RE:RE:RE:Maritime ResourcesMy dear fellow.
The only processing option for QW ore is Maritime's two gold mills or wait 10 years for the permitting process to provide all permits and about $1 billion to build the mine.

Thats it, as the Provincial Govt will not provide a permit to process our ore outside NL

As for Maritime, this tolling of QW ore is but a minor business revenue stream .

Indeed, Firefly and Maritime are consolidating their operations at Point Rousse as part of an expandable JV.

My most recent 10 bagger...VLE now a 15 bagger....has allowed me to buy a nice position in Maritime which I consider my next 10 bagger , providing of course if it isn't prematurely acquired.

Always a risk , you know, with these diamonds in the rough.

Good day..
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